# Contributor Incentives #### 1. Grants * Initiated by any member of the DAO * Assessed and approved through the governance process, including input from relevant working groups * Paid in tranches upon the accomplishment of milestones * May be provided to individuals or teams * Typically paid in the exchange's native token, with vesting periods applied #### 2. Ongoing Compensation * Provided to core contributors and contributors of successful improvement proposals * Core contributors selected by the exchange's team based on their active participation in the exchange's governance and development * Ongoing compensation and rewards determined by relevant working groups * Subject to review and adjustment on a regular basis #### 3. Bounties * Offered by working groups for specific tasks or initiatives * May be used to reimburse small expenses, incentivize the creation of content, or encourage the achievement of specific goals or milestones * Paid in the exchange's native token * Subject to the approval and oversight of the relevant working group #### 4. Others * Recognition or other non-monetary rewards for exceptional contributions to the exchange's governance and development * Details and criteria determined by the exchange's team and working groups * Subject to review and adjustment on a regular basis --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://phemex.gitbook.io/phemex-web3-whitepaper/features/phemex-dao/contributor-incentives.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.